Property profile

500 University Dr Pontiac, MI 48342

OFF-MARKET
Land
2.4 ac lot
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Property summary

AI-generated overview

This exceptional 2.4-acre commercial land parcel presents a unique investment opportunity in Pontiac, Michigan. Located at 500 University Drive, at the intersection of MLK Boulevard and University Drive, this property boasts a highly desirable C-1 zoning designation, opening doors to a wide range of commercial development possibilities. The strategic location offers unparalleled visibility and accessibility, situated directly adjacent to a White Castle restaurant and conveniently positioned alongside the on-ramp to M-59. Furthermore, its proximity to major transportation arteries, including I-75 (one mile away) and a half-mile distance to an Amazon distribution center, ensures significant traffic flow and potential for high customer volume. The property's Assessed Parcel Number (APN) is 14-28-230-019. This prime location, combined with its substantial size and advantageous zoning, makes this land a compelling investment for developers seeking high-impact commercial projects in a thriving area. The asking price for this exceptional property is $650,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 2.4 ac (104,544 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

500 University Dr Pontiac, MI 48342
Pontiac metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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